West High Yield (W.H.Y.) Resources Ltd. Announces Exercise of Warrants

Rhea-AI Summary

West High Yield (TSXV: WHY / OTC: WHYRF) announced the exercise of share purchase warrants on November 14, 2025. Five warrant holders exercised a total of 180,000 warrants, leading to issuance of 180,000 common shares.

The exercised warrants were at a price of CAD$0.30 each, generating CAD$54,000 in total gross proceeds to the company.

Positive

• Raised CAD$54,000 in gross proceeds
• Issued 180,000 new common shares from warrants

Negative

• Issued 180,000 shares, causing shareholder dilution

Calgary, Alberta--(Newsfile Corp. - November 14, 2025) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (FSE: W0H) (the "Company" or "West High Yield") announces the exercise of share purchase warrants (the "Warrants") of the Company.

Five holders of Warrants exercised 180,000 Warrants, resulting in the issuance of 180,000 common shares of the Company. The specific Warrants held and exercised by the one warrantholder were exercisable at a price of CAD$0.30 per Warrant, resulting in total gross proceeds to the Company in the amount of CAD$54,000 upon such exercise.

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO₂ emissions.

The Company's Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") Preliminary Economic Assessment technical report (titled "Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada") prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company's profile at https://www.sedarplus.ca.

Contact Information:

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488
Email: frank@whyresources.com

Barry Baim, Corporate Secretary
Telephone: (403) 829-2246
Email: barry@whyresources.com

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274667

FAQ

How many warrants did West High Yield (WHYRF) have exercised on November 14, 2025?

Five warrant holders exercised a total of 180,000 warrants on November 14, 2025.

What proceeds did West High Yield (WHYRF) receive from the warrant exercises?

The company received gross proceeds of CAD$54,000 from the warrant exercises.

At what exercise price were the West High Yield (WHYRF) warrants exercised?

The exercised warrants had an exercise price of CAD$0.30 per warrant.

How many common shares did West High Yield (WHYRF) issue after the warrant exercise?

West High Yield issued 180,000 common shares upon the warrant exercise.

Will the November 14, 2025 warrant exercise by West High Yield (WHYRF) dilute existing shareholders?

Yes, the issuance of 180,000 new shares from exercised warrants will dilute existing shareholders proportionally.